Stock Track | KULR Technology Soars Over 6% After-Hours on $21 Million Bitcoin Investment

Stock Track

2024-12-28

KULR Technology Group, Inc. (NASDAQ: KULR) shares surged 6.44% in after-hours trading on Friday, following the company's recent announcement of a major Bitcoin (BTC) purchase as part of a new crypto treasury strategy.

Earlier this week, the energy storage solutions provider revealed it had acquired 217.18 BTC worth approximately $21 million at an average price of $96,556 per coin. This initial investment marks KULR's first step towards allocating up to 90% of its surplus cash reserves into the leading cryptocurrency going forward.

The company's entrance into the crypto space and willingness to hold a significant portion of its treasury in Bitcoin has been viewed positively by investors. CEO Michael Mo expressed confidence in Bitcoin's future, stating "We believe that BTC is the future of money" as KULR aims to integrate cutting-edge technologies like digital currencies into its operations.

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(NASDAQ: KULR) shares surged 6.44% in after-hours trading on Friday, following the company's recent announcement of a major Bitcoin (BTC) purchase as part of a new crypto treasury strategy.</p>\n\n<p>Earlier this week, the energy storage solutions provider revealed it had acquired 217.18 BTC worth approximately $21 million at an average price of $96,556 per coin. This initial investment marks KULR's first step towards allocating up to 90% of its surplus cash reserves into the leading cryptocurrency going forward.</p>\n\n<p>The company's entrance into the crypto space and willingness to hold a significant portion of its treasury in Bitcoin has been viewed positively by investors. CEO Michael Mo expressed confidence in Bitcoin's future, stating \"We believe that BTC is the future of money\" as KULR aims to integrate cutting-edge technologies like digital currencies into its operations.</p>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"KULR","symbol_name":"KULR Technology Group, Inc.","start_time":0,"source_url":"","article_id":"1196260204","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1196260204","pubTimestamp":1735336240,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"KULR Technology Group, Inc.  shares surged 6.44% in after-hours trading on Friday, following the company's recent announcement of a major Bitcoin  purchase as part of a new crypto treasury strategy.Earlier this week, the energy storage solutions provider revealed it had acquired 217.18 BTC worth approximately $21 million at an average price of $96,556 per coin. This initial investment marks KULR's first step towards allocating up to 90% of its surplus cash reserves into the leading cryptocurrenc","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"KULR":"KULR Technology Group, Inc."},"translate_title":"比特币投资2100万美元，股票赛道KULR Technology盘后飙升逾6%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"KULR":1},"content_text":"KULR Technology Group, Inc. (NASDAQ: KULR) shares surged 6.44% in after-hours trading on Friday, following the company's recent announcement of a major Bitcoin (BTC) purchase as part of a new crypto treasury strategy.\nEarlier this week, the energy storage solutions provider revealed it had acquired 217.18 BTC worth approximately $21 million at an average price of $96,556 per coin. 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